Robinhood: We have no direct exposure to FTX

Robinhood CEO Vlad Tenev said on Thursday that the company “has no direct exposure to” Sam Bankman-Fried’s (SBF) FTX cryptocurrency platform”.

“Although SBF has an equity stake in Robinhood, we have no direct exposure to Alameda, FTX or any of its entities and we have confirmed with our partners that they do not have significant exposure either,” Tenev said.

“Over the past few days, we have seen increased trading volumes and increased cryptocurrency inflows,” he added.

Robinhood has no direct exposure to FTX, says CEO https://t.co/fuwrbrR49c pic.twitter.com/MRWQc51EoJ

— Reuters (@Reuters) November 10, 2022

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